Everyone agrees Australia’s infrastructure pipeline needs major rehabilitation, but there are costs to more cancellations and deferrals. Who pays for that?
Announcing another government review always risks sounding like an exercise in delaying hard decisions, but it clearly makes good policy sense to do aA combination of rapidly increasing labour and supply costs for hundreds of projects, many of dubious productive value, means state governments will also be quietly relieved about no longer having the responsibility to deliver on many of them. Being able to blame a federal review, even one backed by national cabinet, is a political bonus.
She wants an assessment of whether and when each one can be delivered and whether states and territories are contributing their share of the money to do so. Federal governments have certainly shown an increasing willingness over many years to woo voters in particular electorates by promising money for everything from footy ovals to swimming pools to roundabouts. These are projects that should be the responsibility of local or state governments even if few ever say no to more of Canberra’s money.
“But we want to make sure that the sort of disasters that have occurred, whereby projects that would have cost hundreds of millions of dollars – had $80 million, or $50 million attached to them – with no prospect of it being included,” he said on Monday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Insolvency armageddon’: The number of collapsing companies is surgingAustralia is in the grip of an “insolvency armageddon”, with the number of failing businesses almost doubling in a year due to tough economic conditions and the withdrawal of government pandemic support.
Read more »
‘Insolvency armageddon’: The number of collapsing companies is surgingAustralia is in the grip of an “insolvency armageddon”, with the number of failing businesses almost doubling in a year due to tough economic conditions and the withdrawal of government pandemic support.
Read more »
Chalmers’ highwire act: Balancing the books while helping low-income homesThe Federal Treasurer faces the difficult task of offering those doing it tough some cost of living relief while not hurting the budget’s bottom line.
Read more »
Mastectomy is tough to talk about. But being open about my cancer has given me strength | Hilary OsborneI have explained what has happened to me on my own terms, and people have responded in kind, says Hilary Osborne, the Guardian’s money editor
Read more »
This year's Met Gala has a Karl Lagerfeld theme. Here's why that's problematicThe annual fashion event will honour late designer Karl Lagerfeld, best known as the creative director of Chanel. But some people disagree with that choice. Find out why:
Read more »